|Approval Date||17 Sep 2014|
|Signature Date||09 Oct 2014|
|Planned Completion Date||31 Dec 2015|
|Last Disbursement Planned Date||31 Dec 2015|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||15124|
The proposed operation involves a loan of UA 20 million from ADF resources to Burkina Faso to finance the Private Sector Promotion Support Programme (PAPSP). This is a general budget support operation that will be implemented over the period 2014-2015. PAPSP falls within the country development thrusts identified in the Sustainable Accelerated Growth and Development Strategy Paper 2011-2015 (SCADD) approved in December 2010. Its objective was to achieve strong, sustained and quality economic growth, generating multiplier effects on the income improvement level, quality of life of the population and the need to respect the principle of sustainable development. The Programme has two main components, namely: (i) strengthen institutions that support private sector development; and (ii) encourage the emergence of sectors with high value added and promising trades. PAPSP will enhance private sector development by encouraging key sectors of the economy and the operationalization of the Business Incubation Nursery and Service Centre Project for the Food Sector (PIPHE-SA), thus promoting a more sustained growth that will benefit both the State itself in terms of increased domestic public resources, and other economic agents, especially women.
The overall objective of the Programme is to promote private sector development to achieve inclusive and sustainable growth. The specific objectives are to: (i) strengthen institutions that support private sector development; (ii) encourage the emergence of sub-sectors with high value added; and (iii) support the emergence of trades with high potential in order to facilitate the structural transformation of the economy and employability.
Developing the private sector through growth-generating sectors of the economy will lead to more sustained growth that will benefit both the State itself in terms of increased domestic public resources as well as other economic agents. The project area is the entire country. The direct beneficiaries of the programme are private sector support institutions (APEX, CGA, Directorate of Women’s Entrepreneurship, ABNORM and CEFPO). Indirect beneficiaries are private sector operators including micro-, small- and medium-sized enterprises, especially those headed by women. The ultimate beneficiaries of the programme are the citizens of the country as a whole. Their living conditions will improve as a result of the employment generated by inclusive growth in the private sector, particularly in high value-added sub-sectors. This programme will also help to enhance the professional capacity of youths and women, enabling them to gain access to skilled jobs with the potential to improve their standard of living and that of their families.
African Development Fund
GOUVERNEMENT DE LA REPUBLIQUE DU BURKINA MINISTERE DE L'ECONOMIE ET DES FINANCES
|Last Update||26 Jan 2023|
|Name||TOTO SAME Achille Charles Samuel|
|12.5 -1.66667||Burkina Faso|